Watch Nifty: Feb 15, 2011 IFCI research,

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Watch Nifty

Ø  Nifty continued its move up with an impressive gain. It coud continue for a session or so more on the upside. The first serious resistance is at around 5550-75 and 5800 and Bank Nifty around 10800 and around 11300. We have to wait for a conclusive proof to establish that the upmove is sustainable.

Ø  Nifty's resistance for 15/02 is likely around 5500.